Opening even a basic checking account can involve considerable time, paperwork, and risk! Every accountholder’s situation is different and there is often uncertainty about account ownership, the required identification, and how to conduct appropriate due diligence. This session will review account ownership types, including nonresident aliens, use of powers-of-attorney, and minor relationships, and detail the regulations and documentation required for each. You’ll learn how to incorporate CDD requirements into your account-opening process and the handouts provided will become your playbook for opening consumer deposit accounts.
Attendance verification for CE credits provided upon request.
Who Should Attend?
This jam-packed session is designed for new accounts personnel, trainers, branch managers, and compliance officers.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.